Mastercam Acquires MCAM Northwest, ShopWare, and OptiPro Systems
Deal News | Feb 05, 2025 | PR Newswire Cision Mastercam
Mastercam, a leader in CAD/CAM solutions, has announced the acquisition of MCAM Northwest, ShopWare, and the CAD/CAM division of OptiPro Systems. These strategically important acquisitions are part of Mastercam's mission to shape the future of manufacturing, enhancing its ability to drive innovation and provide exceptional services to its customers across various regions in the United States. The company's growth strategy merges organic developments with targeted acquisitions to enhance capabilities and offer industry-leading solutions. As a part of the Sandvik portfolio, Mastercam is committed to delivering advanced solutions, connected processes, and unparalleled support to manufacturers around the world.
Sectors
- Manufacturing Technology
- Software and IT
Geography
- United States – The acquisitions involve companies located in various states including Oregon, Washington, Illinois, Indiana, Iowa, Kentucky, Wisconsin, New York, Alaska, Idaho, and Hawaii.
- Sweden – Sandvik, the parent company of Mastercam, is a Swedish multinational engineering company.
Industry
- Manufacturing Technology – The article focuses on Mastercam's acquisitions which are intended to advance manufacturing technologies through CAD/CAM solutions.
- Software and IT – Mastercam's operations involve providing CAD/CAM software solutions, situating the company within the broader software and IT industry.
Financials
- 127 billion SEK – Revenue reported by the Sandvik Group in 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mastercam | Acquiring Company | Company | A leading provider of CAD/CAM solutions and part of the Sandvik Group. |
| MCAM Northwest | Target Company | Company | A Mastercam reseller serving regions like Oregon and Washington. |
| ShopWare | Target Company | Company | A Mastercam partner operating in states such as Illinois and Indiana. |
| OptiPro Systems | Target Company | Company | CAD/CAM solutions division, providing expertise through its parent company Brightside 09, Inc. |
| Sandvik Group | Parent Company | Company | A global high-tech engineering group involved in sectors like manufacturing and mining. |
| Russ Bukowski | Interim President of Mastercam | Person | Responsible for overseeing the acquisitions and integrating the new companies into Mastercam. |